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fivecents

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fivecents

Re: lowtrade post# 1663

Thursday, 05/05/2005 12:15:01 AM

Thursday, May 05, 2005 12:15:01 AM

Post# of 44374
Lowtrade (or anyone),

Newbie question..........What are the tax ramifications of daytrading?...if you buy 1k of 'xyz' and sell @ 10% profit......repeat...........repeat....etc..... at what point do you need to worry about taxes.

like I said, probably a pretty dumb question!

5cents

ps.

If you sell and rebuy on the same day, so you have to report any profit/loss? tia
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